Tax Planning Tips for Self-Employed

Tax Planning Tips for Self Employed Tax Saving Tips for Self Employed Businesses Tax Saving Tips for Self Employed in Canada As a self-employed small business owner, you should be aware of the many tax saving tips that can reduce your tax bill and put more money in your pocket. In this article, we will […]

Salary Vs. Dividends

Should I pay myself Salary or Dividends from my Corporation Salary Vs. Dividends Should I pay myself Salary or Dividends from my Corporation? Small business owners who operate their businesses through a corporation at tax year end have to determine if they want to receive year end salary or dividends as remuneration from their corporation.  As […]

Declaring Foreign Property on your Tax Return

Declaring Foreign Property on your Tax Return Declaring Foreign Property on your Tax Return   Declaring Foreign Properties Declaring Foreign Property on your Tax Return Canada taxes individuals based on their residency. Therefore all residents of Canada are required to pay tax on worldwide income earned in a particular calendar year. For income tax purposes, […]

Canadian Real Estate Taxes on Sale of Investment Property

Real Estate Taxes on Sale of Investment Property in Canada Real Estate Taxes on Sale of Investment Property in Canada Are you the owner of a rental real estate or an investment property? Are you thinking of selling or have already sold your investment property? In this article, we will discuss the various tax implications […]

Year End Tax Planning Strategies for Personal Tax Returns

Year End Tax Planning Strategies for Personal Tax Returns   As the new tax year 2017 is fast approaching – it is very important to plan ahead of time to save taxes on your 2016 personal tax return. The deadline for personal tax filing is April 30, 2017 – but are you aware of the […]